13,660 Shares in Antero Resources Corporation $AR Acquired by CWA Asset Management Group LLC

CWA Asset Management Group LLC bought a new position in Antero Resources Corporation (NYSE:AR) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,660 shares of the oil and natural gas company’s stock, valued at approximately $480,000.

Several other hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its stake in Antero Resources by 177.4% during the first quarter. Assenagon Asset Management S.A. now owns 3,611,248 shares of the oil and natural gas company’s stock valued at $153,261,000 after buying an additional 2,309,388 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Antero Resources by 140.2% in the 3rd quarter. AQR Capital Management LLC now owns 3,467,536 shares of the oil and natural gas company’s stock valued at $116,371,000 after acquiring an additional 2,023,828 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new position in shares of Antero Resources during the 4th quarter valued at about $58,831,000. Aventail Capital Group LP boosted its position in shares of Antero Resources by 553.6% during the 4th quarter. Aventail Capital Group LP now owns 1,713,233 shares of the oil and natural gas company’s stock valued at $59,038,000 after purchasing an additional 1,451,091 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Antero Resources by 676.5% in the 3rd quarter. Marshall Wace LLP now owns 1,632,627 shares of the oil and natural gas company’s stock worth $54,791,000 after purchasing an additional 1,422,377 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AR. Jefferies Financial Group restated a “buy” rating and set a $57.00 target price on shares of Antero Resources in a report on Friday, May 1st. Weiss Ratings raised Antero Resources from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. The Goldman Sachs Group decreased their target price on Antero Resources from $46.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Wolfe Research reaffirmed an “outperform” rating and set a $48.00 target price on shares of Antero Resources in a research report on Thursday, July 30th. Finally, Truist Financial reduced their target price on Antero Resources from $56.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $48.31.

Antero Resources Trading Down 1.0%

NYSE:AR opened at $37.45 on Thursday. The stock has a market cap of $11.51 billion, a PE ratio of 10.76 and a beta of 0.34. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40. The stock’s 50-day moving average is $34.81 and its two-hundred day moving average is $36.62.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.